Are you interested in starting a car rental business? Do you need a sample car rental business plan template or feasibility study report for beginners?
You have decided to take over your financial freedom by becoming an entrepreneur. Good for you. A car rental business, like any other business, needs you to do some heavy research and fact finding to make sure you become a success.
The car rental business is a very lucrative business, especially when you are located in a strategic place (a city with huge population, commercial centers and entertainment outfits). However, I must point out the fact that a car rental business can be capital and management intensive.
You need to know your target market and approximate your rate of success in this field. You need to determine if you would just be a general car rental operator or if you would offer specialized services
Business plan is an essential roadmap for business success. This living document generally projects 3 years ahead and outlines the route a company intends to take to grow revenues.
The first thing you need to do is to carry out a feasibility study. The results of this study would help you determine the advantages and disadvantages of starting the business as well as analyzing the risks involved.
They're a good place to start and can make it easier for you to develop your own plan because you’ve seen what somebody else has done with theirs